Tuesday, May 29, 2012


BANK OF AMERICA PRINCIPAL REDUCTION



It seems that recently loan modifications are making more headlines than they did a few months ago.  It may be because certain Banks have come out with new modification guidelines that are supposed to make it easier for the homeowner to modify their mortgage.  Bank of America has announced a new trial program in which it will give homeowners a principal reduction of up to $100,000 on some properties.  Please keep in mind that this is only for mortgages owned by Bank of America, situations in which the amount owed on the home it more than the home is worth, and the homeowner had to be at least 60 days behind on their mortgage payment since the end of January.  Also, remember that this is just a trial program and not everyone who meets the requirements will receive this offer.  The positive spin is that if this program is successful other major Lenders may introduce similar programs for their customers.  

For more information on the program, please follow the link below:

Wednesday, May 16, 2012


DUVAL COUNTY’S NEW COURTHOUSE

       The new Duval County Courthouse is set to open its doors in the next few weeks.  After a ten year building process and a recent City Council argument regarding furniture, the new Courthouse is scheduled to open on Tuesday May 29th.  The new building is a long time coming and desperately needed.

       The current Duval County Courthouse was originally dedicated in 1958, making the building a little over a half century old.  At that time, the population of Jacksonville was around 450,000.  The old Courthouse has served the community well, but as the population grows, the need for a larger facility has become increasingly evident.  After the 2000 census, the City of Jacksonville decided to begin the process of building a new County Courthouse.  Finally, a project ten years in development will become a reality on May 29th, 2012.

       The transition from the old Courthouse to the new one will take a little over ten days to complete.  This means a temporary interruption in day-to-day court procedures until the new Courthouse opens.  The old Courthouse at 330 East Bay Street will close for good on Friday May 18th at 5:00 p.m.  New cases MUST be filed by 5:00 p.m. on Wednesday May 16th; only emergency cases will be permitted to be filed between May 17th and May 29th.  


UPDATE 5/29/12


The new Courthouse will now open on Monday June 4th.  The delay was caused by failures in the fire control system of the new building.  You can bet that a weeks worth of rescheduled hearings will be a logistical nightmare when the building does open.





UPDATE 6/5/12


So you think you're getting a new Courthouse -- not so fast Duval County.  Officials say the new Courthouse has continued to fail in tests of the fire control system.  The new plan is to move back into the old Courthouse on East Bay Street until the new building is ready for occupancy.  Court officials plan on being back in the old Courthouse by next Monday, 6/11.  More information regarding the Courthouse fiasco can be found by following the link below.


http://www.jaxdailyrecord.com/showstory.php?Story_id=536648